IPG Enters into Arrangement Agreement to
be Acquired by Clearlake Capital Group, L.P.
MONTREAL, QC, SARASOTA, FL, and SANTA MONICA, CA – March 8, 2022 – Intertape Polymer Group Inc. (TSX:ITP) (“IPG”, or the “Company”) today announced that it has entered into a definitive agreement to be acquired by an affiliate of Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”). Under the terms of the agreement, Clearlake will acquire the outstanding shares of IPG for CDN$40.50 per share in an all-cash transaction valued at approximately US$2.6 billion, including net debt. (Press Release PDF)